Helping your money to work harder

Transcription

1 Helping your money to work harder

2 THINGS YOU NEED TO KNOW Most of the solutions we offer involve some form of Investment Risk and you should be aware that the value of investments can fall and you may get back less than you invested. Our services are not suitable for everyone, but we can advise you on the specific services that are suitable for you. You should be aware that all tax advantages are subject to changes in legislation and their value depends on your personal circumstances. Your adviser will be happy to discuss any of these in greater detail. However you have sole responsibility for the management of your tax and legal affairs including all applicable tax filings and payments and for complying with applicable laws and regulations. We have not and will not provide you with tax or legal advice and recommend that you obtain your own independent tax and legal advice, tailored to your individual circumstances. While, in some circumstances, we can provide guidance on using tax-efficient structures such as trusts and help you with subjects such as making use of inheritance tax allowances we are not specialist tax advisers. You will need to consult a specialist tax adviser for detailed tax advice that is appropriate to your personal circumstances. How you can reach us: T: E: requests@brewin.co.uk W: Facebook: Twitter: twitter.com/brewindolphin LinkedIn:

3 AN INVESTMENT MANAGEMENT AND FINANCIAL PLANNING SERVICE YOU CAN TRUST Clients rely on us to protect and grow their wealth. They value our ability to give them peace of mind and intelligently manage their long-term financial aspirations like finding tax-efficient ways to invest a lump sum, setting up a retirement plan or reducing inheritance tax. As the investment world becomes more complex, you can take confidence from a long-term relationship where your interests come first. Above all, we take pride in developing a meaningful partnership that lasts, by giving you the individual attention you deserve. Established in 1762, we are one of the UK s leading providers of personalised, discretionary wealth management services, looking after over 28bn in funds from offices throughout the country and the Channel Islands. 03

4 WHY CHOOSE BREWIN DOLPHIN AS YOUR WEALTH MANAGER? We act in your best interests at all times The qualities and capabilities which set us apart can make a real difference to your future. We are unbiased because we don t manufacture financial products we simply focus on helping you to identify what s best for your needs and circumstances through clear advice and impartial guidance. Independently owned as a specialist wealth management firm, looking after your money is all we do. We don t have a banking arm, nor are we tied to the interests of a bigger company. A long-lasting heritage with origins dating back to the mid- 18th century, we have a wealth of experience dealing with the ups and downs of investment markets and helping money work harder for our clients. If you are considering the merits of a personalised wealth manager, it s worth asking some questions about how you may achieve your financial objectives. Are we right for you? Before you become a client, it s very important we understand your particular circumstances. So we spend some time getting to know you: the more we know, the better the service we can provide. We will talk about whether integrated wealth management, discretionary investment management or financial planning would be the most suitable service for you. We explore your financial objectives both today and for the longer term and find out how much risk you are comfortable taking. This information helps us tailor a financial framework to your needs and aspirations, and aim for an outcome which could make a material difference to your future. We cannot overstate the importance of determining how much risk you are willing and able to take so it doesn t adversely affect other aspects of your life. It s a fine balance. If you take too little risk your returns may not counter the effects of inflation, while too much could deplete the funds you have in the event of a downturn. This is where our experience truly comes into play. Do you need impartial and expert advice to help you preserve your accumulated wealth for your family, or to grow a sizeable sum for retirement? Might you accept a greater level of risk to achieve the potential for higher returns? And would you benefit from having access to award-winning research, expert financial planning and proven investment strategies all provided by one company? Of course, you may prefer to take very little risk, and be content with the returns and service from a regular bank account. But if you need guidance on how to achieve your financial goals, you may want to join the many people across the UK who benefit from being clients of Brewin Dolphin. 03

5 THE DIFFERENCE AN INTEGRATED APPROACH MAKES TO MANAGING YOUR WEALTH You shouldn t underestimate the benefits of careful preparation when providing a strong financial platform for you and your family. This is why many of our clients rely on our integrated wealth management service a seamless blend of our investment management and financial planning expertise. Integrated wealth management gives you an extensive service with a high level of personal attention. Whether you prefer a prudent approach or favour something more adventurous, we tailor an individual strategy for you to help secure your financial wellbeing. Unpredictable stock markets require careful navigation, complicated insurance products need explaining and intricate tax regulations demand know-how accumulated through experience. We ll aim to ensure that the mix of services you choose perform as required and that we can respond to changes in both the marketplace and your financial circumstances. Most of all we want you to feel the reassurance of choosing a company that has a long history of helping its clients meet their financial goals. INTEGRATED WEALTH MANAGEMENT A comprehensive service that combines our discretionary investment management and financial planning expertise. The advantages of this approach include the convenience of having your financial affairs looked after by one company. It also enables us to build up a full understanding of your finances, which means we can provide individually-crafted solutions to help you create and preserve your wealth DISCRETIONARY INVESTMENT MANAGEMENT = + The investment management service we will offer to you is called discretionary investment management. This is suited to clients who require bespoke investment management and prefer not to be involved in the day-today management of their investments. Investment decisions are delegated to your investment manager, who will manage an individual portfolio which is tailored to your needs and will maintain personal contact with you throughout our relationship. FINANCIAL PLANNING Our qualified and experienced financial planners will help you to develop a sound strategy for managing your financial affairs and protecting your long-term wealth. Our financial planning advice spans several key areas including retirement/pension planning, safeguarding your and your family s financial wellbeing, guidance on estate planning and tax efficient ways of investing* as well as investment advice. *Please refer to the Things you need to know section at the beginning of this document. 04

6 A PERSONALISED INVESTMENT MANAGEMENT SERVICE WITH PROVEN CAPABILITIES AND AWARD-WINNING RESEARCH To get the most from your investments with an expert service personalised for your needs, we first establish a range of factors including your attitude to risk, desired returns and tax position. From this early stage you ll know whether what we provide is what you are looking for. We can then begin to structure your portfolio. We are independently owned and have the freedom to choose from a wide range of providers to offer products and services which match your requirements. So we will only invest your money in the types of assets (eg shares, bonds, property) which will help deliver the outcomes you need. This hands-on approach means we constantly monitor your portfolio. It allows us to act swiftly when markets change to make the most of any opportunities and to protect your wealth. An Asset Allocation Committee provides the framework for the balance between risk and potential returns Asset allocation is the mix of shares, fixed income products and other investments you have in your portfolio. Our Asset Allocation Committee (made up of investment and research specialists) helps to decide what a sensible investment balance should be in a portfolio. This extra guidance further allows our investment managers to adapt to opportunities and changes in fast-moving markets when making investment decisions for you. A rich heritage of research reinforces our conviction Our clients benefit from an award-winning research service, whose experience and capabilities bring us insights seldom matched in the industry. We believe the core of good research is to dig deep, behind the numbers and the stories to find the attributes of a company or sector that really matter. With this extensive research resource at their disposal our investment management teams are well positioned to offer a better quality of advice and service. Our investment managers use this intelligence gathered from a dedicated team of full-time analysts to give them a valuable edge when making decisions on your behalf. Keep up-to-date with online portfolio valuations, gain useful investment information through our website As a client, you can securely access your portfolio online and check how your investments are performing at any time and from any platform. Our website and timely blog posts, offer a wide range of valuable and relevant investment updates, leading market information and commentary by industry specialists. Many of our clients find it s a reliable way to stay up-to-date with the latest movements and trends in financial markets. 05

7 Get the most from your investments with an expert service personalised for your needs.

8 A FINANCIAL PLANNING SERVICE THAT ADAPTS TO YOUR NEEDS AND IS RELEVANT TO YOUR FUTURE To ensure that you are on track to meet your future goals and aspirations, you need to have a plan that is solid enough to meet your demands but flexible enough to adapt when necessary. Many of us could do with a hand in this respect, and many of our clients value the expertise that our financial planners offer every client is unique but we will bring our wealth of experience in dealing with many clients to help fit your needs. We have the knowledge and proven experience to provide truly personalised advice across your finances. We are not tied to any product providers, and look across a wide range of financial products and services in order to meet your needs and objectives. After we meet with you to gain a clear understanding of your requirements, our financial planners put together a strategy that is flexible enough to adapt when your life changes. Our comprehensive financial planning advice spans several key areas. These include retirement planning, protection, taxation, trusts and inheritance tax planning as well as investment advice (often in conjunction with our investment managers). Retirement planning guiding you through the maze Our experts can advise on all aspects of retirement planning, including reviewing your existing pension arrangements, to ensure you remain on track to achieve the standard of living you desire in retirement. As part of the process of sourcing a suitable pension, our financial planners can explain the benefits of more individual solutions such as Self Invested Personal Pensions (SIPPs) and help you maximise the income you receive in retirement. Protection safeguarding your financial wellbeing Protection is the broad term for a range of financial products which aim to safeguard you and your family s financial wellbeing whatever life may throw at you. These include life assurance (a lump sum for your dependants if the worst happens), income protection (helps you sustain your lifestyle if accident or illness mean you can t work) and critical illness cover (a lump sum if you contract a severe illness covered by the policy). We search across the protection market to find the most appropriate solutions for your circumstances with the overriding aim of giving you and your family greater peace of mind. Taxation, trusts and inheritance tax planning in-house expertise makes a difference Astute tax planning ensures your money works harder for you by utilising the tax efficient personal allowances available to you. We also help many of our clients structure their assets to enable them to pass more wealth to their family and chosen beneficiaries. Our in-house expertise in these areas, takes into account your financial position and objectives when providing you with a personalised financial plan. Investment advice built on a cohesive strategy Our financial planners work closely with our experienced teams of investment managers so we can take a complete view of your finances and act promptly in your favour where necessary. This approach ensures we can fully analyse your current investments, helping you to create a truly personalised and seamless way of managing your wealth efficiently. For example, your investment manager has the knowhow to construct your ISA portfolio so that it complements your other investments. *Please refer to the Things you need to know section at the beginning of this document. 07

9 INTRODUCING THE CLIENT EXPERIENCE Relationships matter. When you meet with us, you will quickly get an idea how our tailored service can reassure you for the future and help set you on a path towards financial security. Our relationship with you is governed by your financial needs and aims. So we first have a chat about how we can help you and whether our services are suitable for you. We ll If discuss you get your in touch, current whether circumstances by phone, and online your or goals by visiting and aspirations. one of our We ll offices, talk you through we the give implications you information of risk, about and between what us, do. we ll We ask discover you some how much basic risk questions you can take so to it see doesn t if our affect services other are aspects suitable of for your you. life. If we seem like a good fit, we explore which service is the most suitable: integrated wealth management, discretionary investment management or financial planning. We then take everything we have discussed and using our experience, advise you on personalised options we think will suit you the best you ll see that this is where our tailored service can really make a difference. If you agree with our advice and wish to proceed, we will then apply our recommendations. If you become a client you will be looked after by your dedicated investment manager, financial planner or both at the office most convenient for you. You can get in touch whenever you like, especially if your circumstances change or if you need reassurance that you re on track to meet your goals. 08

10 To ensure that you are on track to meet your future goals and aspirations, you need to have a plan that is solid enough to meet your demands but flexible enough to adapt when necessary.

11 MAKING THINGS EASIER FOR YOU Feel confident and gain clarity with a personal touch The reassurance you get from a reliable financial partner is invaluable. Your investment manager is your main point of contact for all of your needs and you can contact them at any time for impartial advice that solely focuses on your best interests. You can also take comfort that we ll take care of all the fiddly administration and complicated calculations and decisions that may need to be carried out from time to time. You can get on with your life and be confident that your financial wellbeing is in good hands. Valuations, reports and useful insights You will receive a valuation report at least every six months with a commentary on the general economic and investment environment. We also offer fast and secure portfolio access at co.uk where you can view your up-to-date valuations at any time and print them out if required. Our website also hosts specialist research reports, expert economic analysis and timely news and features to give you the useful investment insights that you may find helpful. Convenient tax information Brewin Dolphin clients receive a comprehensive end-of-year tax pack which includes a consolidated tax voucher for UK and overseas income, a schedule of transactions for the year and UK capital gains tax calculations if appropriate. Do you have an income or cashflow requirement? If you need a regular flow of income from your portfolio, we can agree with you how you would like us to meet this from your investments. For example, income generated by your investments may be reinvested or paid out on a regular basis directly into a nominated bank or building society account. You may prefer a regular fixed withdrawal to provide cashflow. Protecting your assets We use our nominee companies to register and administer holdings on our clients behalf. This minimises paperwork and speeds up the settlement of transactions, without affecting your beneficial ownership. Our nominee companies are separate legal entities from Brewin Dolphin and do not trade. All our nominee companies are run in accordance with the FCA (Financial Conduct Authority) rules. Clients assets held by our nominees are treated by the FSCS (Financial Services Compensation Scheme) in the same manner as stock registered in a client s own name. Non-UK residents should contact us for further information and advice. If you wish to know more about our nominee companies or the FSCS, please see our contact details overleaf. Useful insights help to keep you informed As a client you will receive a copy of our very popular Perspective magazine, which brings you analysis of the ever-evolving financial sector, plus interviews with champions of industry, philanthropists and leading thinkers. In addition, our website tells you everything you need to know about how we can help to manage your financial affairs and provides regular financial news and views. Visitors benefit from: User-friendly guides that explain how our investment management and financial planning expertise help you to astutely manage your money Our new Insight section featuring intelligent market analysis, timely and relevant economic articles and lifestyle related pieces 10

12 ARE WE RIGHT FOR YOU? Before you consider becoming a client, it s worth examining whether we are right for you and which level of service would be the most suitable for your needs. INTEGRATED WEALTH MANAGEMENT A comprehensive service that combines our discretionary investment management and financial planning expertise. Appropriate for clients with more than 150,000 to invest. DISCRETIONARY INVESTMENT MANAGEMENT Best suited to clients who require bespoke investment management and prefer not to be involved in the day-to-day management of their investments. Appropriate for clients with more than 150,000 to invest. FINANCIAL PLANNING If you have complex financial planning needs our qualified and experienced financial planners help you to develop a sound strategy for managing your financial affairs and protecting your long-term wealth. Execution only if you are comfortable making your own investment decisions and want to trade in the way that suits you over the phone or online our Stocktrade service is a simple, reliable and fast way of investing in the stock market. Please visit or call to find out more. Find out more about what may be most appropriate for you by visiting or by getting in touch: T: E: requests@brewin.co.uk W: Facebook: Twitter: twitter.com/brewindolphin LinkedIn: 11

13 As the investment world becomes more complex, you can take confidence from a long-term relationship where your interests come first.

14 TAKE THE FIRST STEP TOWARDS GREATER FINANCIAL SECURITY If you value integrity of service and would like the reassurance of long-standing financial expertise and a long-term personal relationship, take the first step. We offer a complete investment management and financial planning service that aims to improve your financial wellbeing and confidently put you on track towards a secure financial future. In every case, we start by learning more about your situation and your aspirations. To learn more about our integrated service whether you already have investments, or are seeking advice for the first time please contact us to arrange a meeting. 13

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16 Aberdeen Belfast Birmingham Bournemouth Brighton Bristol Cardiff Cheltenham Dundee Edinburgh Exeter Glasgow Ipswich Jersey Leeds Leicester Lincoln London Manchester Marlborough Newcastle Norwich Nottingham Oxford Penrith Plymouth Reigate Shrewsbury Taunton York W brewin.co.uk E requests@brewin.co.uk Brewin Dolphin Limited is a member of the London Stock Exchange, and is authorised and regulated by the Financial Conduct Authority (Financial Services Register reference number: ). Registered office: 12 Smithfield Street, London, EC1A 9BD. Registered in England and Wales company number: VAT number: GB BD0284/07/14